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2. Federal Employees Retirement System - Wikipedia

   en.wikipedia.org/wiki/Federal_Employees...

   The FERS annuity is based on a specified percentage (either 1% or 1.1% for most employees, see below), multiplied by (a) the length of an employee's Federal service eligible for FERS retirement (referred to as "creditable Federal service", which may not be the actual duration of Federal employment) and (b) the average annual rate of basic pay ...

3. Congressional pension - Wikipedia

   en.wikipedia.org/wiki/Congressional_pension

   The basic retirement annuity under FERS is equal to the (Average High-3 Salary x .017 x Years of Service through 20 years)+(High-3 Salary x .01 x Years of Service over 20)= Annual Pension Members who began congressional service before 1984 and who elected to join FERS will receive credit under FERS from January 1, 1984, forward.

4. Civil Service Retirement System - Wikipedia

   en.wikipedia.org/wiki/Civil_Service_Retirement...

   Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...

5. You Have $3 Million in Retirement Savings: Here's How Much ...

   www.aol.com/3-million-retirement-savings-heres...

   There are retirement calculators and other resources online, but you don't have to work all of this out on your own. Consider speaking to a financial advisor who could help you map out different ...

6. What’s a Defined Benefit Plan? Pros, Cons and How It Compares

   www.aol.com/defined-benefit-plan-pros-cons...

   Guaranteed retirement income. You receive a payout every month based on your salary, years of service and age. This predictable income helps you plan for long-term financial needs without worrying ...

7. Social Security: New Proposal for Higher COLA Bump for ...

   www.aol.com/social-security-proposal-higher-cola...

   A new bill has been introduced in Congress that would increase the annual cost of living adjustment (COLA) for retired federal employees under the Federal Employees Retirement System (FERS) in some...